Tagged: securities and exchange commission

December 18, 2023 @ 1:33 pm By JD Alois  |  

As expected, Coinbase (NASDAQ:COIN) has filed a response to the Securities and Exchange Commission’s (SEC) decision to deny the Petition for Rulemaking commenced July of 2022 by the crypto exchange. The SEC issued a statement on the request for rulemaking this past Friday. Coinbase is… Read More

December 15, 2023 @ 4:13 pm By JD Alois  |  

As should come as no surprise, Coinbase (NASDAQ:COIN) is planning to quickly respond to the Securities and Exchange Commission’s (SEC) denial of their petition for rulemaking in regard to specific digital asset rules. Earlier today, CI reported that SEC Chairman Gary Gensler issued a statement… Read More

December 15, 2023 @ 11:36 am By JD Alois  |  

Earlier this morning, the Securities and Exchange Commission (SEC) issued a statement denying the petition for rulemaking commenced almost two years ago by Coinbase (NASDAQ:COIN), the largest digital asset exchange in the US. SEC Chair Gary Gensler declared, “… To the extent that crypto assets… Read More

December 15, 2023 @ 10:50 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a statement on the denial of a petition pursued by Coinbase (NASDAQ:COIN) in regard to a demand to craft specific rules for digital assets. In 2022, Coinbase announced a formal petition asking the SEC to:… Read More

December 15, 2023 @ 8:43 am By Omar Faridi  |  

As expected by most crypto industry participants, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight a spot Ethereum (ETH) exchange-traded fund (ETF), which had been proposed by Invesco and Galaxy Digital. As part of a December 13, 2023… Read More

December 6, 2023 @ 5:21 pm By JD Alois  |  

Today, Chairman Gary Gensler announced an update to the Securities and Exchange Commission’s regulatory agenda for the fall of 2023. While we have not compared with the prior iteration, topics like Reg D and Accredited Investor definition,  12-g rules and ATS updates are still on… Read More

November 21, 2023 @ 8:46 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) filed a complaint alleging that Kraken operates as “an unregistered securities exchange, broker, and clearing house.” Kraken says they disagree and intend “to vigorously defend their position in court.” The news has no impact “on the products they… Read More

November 14, 2023 @ 7:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a report on enforcement actions during fiscal year 2023. In total, the agency pursued 784 enforcement actions, including administrative proceedings, which compares to 760 enforcement actions during fiscal year 2022. The SEC issued the following statement on… Read More

November 11, 2023 @ 8:44 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently shared his views regarding the US Securities and Exchange Commission’s (SEC) approach to regulating crypto and blockchain firms. Garlinghouse reportedly told CNBC during the Fintech firm’s Ripple Swell conference, held in Dubai, that he believes the SEC has actually lost… Read More

November 5, 2023 @ 10:29 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) now allows crowdfunding platforms to register as official gatekeepers of qualified institutional and individual investors, a move that forms part of the government’s efforts to bolster the capital market. This development stems from the SEC’s latest issuance, Memorandum… Read More

November 1, 2023 @ 11:46 am By JD Alois  |  

Earlier this week, the Securities and Exchange Commission (SEC) filed an enforcement action against SolarWinds (NYSE:SWI) for fraud and failures in regard to “allegedly known cybersecurity risks and vulnerabilities.” CI has received a statement from a SolarWinds spokesperson refuting the SEC’s allegations. The SolarWinds representative… Read More

October 26, 2023 @ 1:18 pm By Omar Faridi  |  

Crypto exchange Coinbase (NASDAQ:COIN) is alleging that the US Securities and Exchange Commission (SEC) has overstepped in the firm’s most recent effort to dismiss the ongoing lawsuit. Coinbase’s response to the SEC‘s lawsuit filed earlier this year is that not everything qualifies as a security…. Read More

October 20, 2023 @ 1:19 pm By JD Alois  |  

It was reported yesterday that the Securities and Exchange Commission (SEC) had dropped its charges against Ripple executives Brad Garlinghouse (CEO) and Chris Larsen (Chairman). Charges remain for Ripple itself. Ripple has posted a release on the legal victory, calling it a “stunning capitulation by… Read More

October 16, 2023 @ 4:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Examinations, has posted its 2024 examination priorities, including digital assets and Fintech items. The Division of Enforcement noted that last year, it established specialized teams within the various examination programs, including “crypto assets, financial technology [Fintech], such… Read More

October 16, 2023 @ 10:06 am By JD Alois  |  

It has been widely reported that the Securities and Exchange Commission (SEC) has decided not to appeal a decision by the courts that reflects favorably on Grayscale’s push to launch a Bitcoin ETF. Grayscale currently lists a Bitcoin Trust on OTC Markets, along with other… Read More

October 13, 2023 @ 2:22 pm By JD Alois  |  

Congressman James Comer, Chairman of the House Committee on Oversight and Accountability, may subpoena documents from the Securities and Exchange Commission (SEC), if the Commission does not provide information regarding their social agenda, which is deemed to be beyond the purview of the securities regulator…. Read More

October 9, 2023 @ 11:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission on two rule changes. First, the Commission will consider whether to adopt a rule under the Securities Exchange Act of 1934 to “increase the transparency and efficiency of the securities lending… Read More

October 4, 2023 @ 10:19 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an enforcement action against  Zera Financial and Luis A. Romero. The complaint states that. Zera and Romero have raised more than $2.28 million from about 168 investors. The money is said to have been “dissipated.” The SEC… Read More

October 4, 2023 @ 7:50 am By Omar Faridi  |  

US District Judge Analisa Torres has rejected the US Securities and Exchange Commission’s (SEC) to appeal part of the judge’s decision in its lawsuit against enterprise blockchain firm Ripple Labs regarding the sales of XRP. Judge Torres determined in July 2023 that a part of… Read More

October 2, 2023 @ 10:11 am By Omar Faridi  |  

At the end of last week we saw a number of updates regarding the push for ETFs, with VanEck readying an Ethereum futures ETF, Ark pushing to win the race for the first spot Bitcoin ETF and the US Securities and Exchange Commission (SEC) delaying… Read More